Unformatted text preview: (e.g., by extending NAFTA to a Free Trade Agreement of the Americas). How would you advise this group to respond? (You need to provide support for the position that you adopt.) 4) Explain what is meant by "Production and Processing Methods" (PPMs). Discuss the arguments for and against allowing PPMs as a basis for trade restrictions. Use one or more GATT/WTO trade dispute to illustrate the role of PPMs. 5) Explain the meaning of the Theory of the Second Best and the Princi-ple of Targeting; use one or more example to illustrate these ideas. Discuss the theoretical and practical importance of these two ideas for the debate on globalization and the environment. 6) Explain what is meant by the "Pollution Haven Hypothesis" (PHH) and the "Pollution Haven E f ect" (PHE) Discuss the theoretical and empir-ical bases for both the PHH and the PHE. 1...
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- Fall '07
- International Trade, World Trade Organization, Free Trade Agreement, trade restrictions, Favored Nation Principle